This is a Winner-Takes-All market. The contract that denotes the actual outcome of the 2004 Democratic Convention will have a liquidation value of $1.00, all others will have values of $0.00..

With that in mind, take a look at the Daily Prices Graph. You can see Dean as the clear favorite until the Iowa Caucus. Since then, he's been in a free fall, while Kerry's becoming a runaway favorite. There's a slight hesitation in the market right before the NH primary, and then Kerry's upward surge continues. That probably isn't anything you didn't already know, but it's fascinating to watch the chart change each day.

This is a Winner-Takes-All market. The contract that denotes the actual outcome of the 2004 Democratic Convention will have a liquidation value of $1.00, all others will have values of $0.00..

With that in mind, take a look at the Daily Prices Graph. You can see Dean as the clear favorite until the Iowa Caucus. Since then, he's been in a free fall, while Kerry's becoming a runaway favorite. There's a slight hesitation in the market right before the NH primary, and then Kerry's upward surge continues. That probably isn't anything you didn't already know, but it's fascinating to watch the chart change each day.